Cable One Inc (NYSE:CABO) Given Consensus Rating of “Buy” by Analysts

Cable One Inc (NYSE:CABO) has received an average recommendation of “Buy” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $1,219.00.

A number of analysts have weighed in on CABO shares. SunTrust Banks increased their target price on Cable One to $1,020.00 and gave the stock a “hold” rating in a research note on Friday, May 10th. They noted that the move was a valuation call. KeyCorp reissued an “overweight” rating and set a $1,316.00 price target (up previously from $1,210.00) on shares of Cable One in a research report on Thursday, June 27th. Stephens started coverage on Cable One in a research report on Wednesday, June 26th. They set an “equal weight” rating and a $1,200.00 price target on the stock. Zacks Investment Research raised Cable One from a “hold” rating to a “buy” rating and set a $1,309.00 price target on the stock in a research report on Tuesday, August 6th. Finally, Wolfe Research raised Cable One from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 23rd.

In related news, SVP Charles B. Mcdonald sold 1,703 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $1,160.59, for a total transaction of $1,976,484.77. Following the sale, the senior vice president now owns 2,128 shares of the company’s stock, valued at $2,469,735.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Peter N. Witty sold 205 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $1,136.80, for a total value of $233,044.00. Following the sale, the insider now directly owns 2,093 shares in the company, valued at approximately $2,379,322.40. The disclosure for this sale can be found here. Insiders have sold a total of 2,843 shares of company stock worth $3,281,398 in the last three months. Corporate insiders own 1.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its position in Cable One by 2.4% during the first quarter. BlackRock Inc. now owns 430,007 shares of the company’s stock valued at $422,000,000 after purchasing an additional 10,238 shares in the last quarter. William Blair Investment Management LLC raised its stake in Cable One by 39.7% in the second quarter. William Blair Investment Management LLC now owns 132,761 shares of the company’s stock valued at $155,462,000 after buying an additional 37,728 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Cable One by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 78,327 shares of the company’s stock valued at $64,236,000 after buying an additional 989 shares during the last quarter. Wells Fargo & Company MN raised its stake in Cable One by 43.6% in the second quarter. Wells Fargo & Company MN now owns 72,179 shares of the company’s stock valued at $84,521,000 after buying an additional 21,931 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Cable One by 10.3% in the fourth quarter. Geode Capital Management LLC now owns 47,520 shares of the company’s stock valued at $38,970,000 after buying an additional 4,420 shares during the last quarter. 77.26% of the stock is currently owned by institutional investors.

NYSE:CABO traded up $4.30 during midday trading on Tuesday, hitting $1,260.01. 50,700 shares of the company traded hands, compared to its average volume of 50,420. The firm has a fifty day moving average price of $1,201.91. Cable One has a 12-month low of $754.43 and a 12-month high of $1,271.15. The stock has a market cap of $7.16 billion, a price-to-earnings ratio of 43.80 and a beta of 0.43. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.09 and a quick ratio of 1.72.

Cable One (NYSE:CABO) last released its quarterly earnings results on Wednesday, August 7th. The company reported $6.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $7.76 by ($1.41). Cable One had a net margin of 14.10% and a return on equity of 21.26%. The company had revenue of $285.70 million for the quarter, compared to analysts’ expectations of $283.61 million. During the same quarter in the previous year, the company posted $7.65 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts anticipate that Cable One will post 30.96 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Tuesday, August 20th will be given a dividend of $2.25 per share. This is an increase from Cable One’s previous quarterly dividend of $2.00. The ex-dividend date is Monday, August 19th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.71%. Cable One’s dividend payout ratio is presently 27.81%.

About Cable One

Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.

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Analyst Recommendations for Cable One (NYSE:CABO)

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